Termination of Commitments definition

Termination of Commitments. The commitments in respect of the Interim Loan (including pursuant to the Commitment Letter) will terminate on May 1, 2005 if the Acquisition has not been consummated on or prior to such date, unless the Acquisition has not occurred by such date due solely to a delay in obtaining the requisite approvals under the Xxxx-Xxxxx-Xxxxxx Antitrust Improvements Act of 1976, as amended, or clearance by the SEC of Target’s proxy statement with respect to the Merger as contemplated by the provisions of the Merger Agreement, in which case, such commitments will terminate on June 30, 2005. In addition, the commitments in respect of the Interim Loan will automatically and permanently terminate on the date of the consummation of the Acquisition to the extent not drawn down on such date; provided, that, if Target is required to make a Change of Control Offer, commitments in respect of the Interim Loan in an amount equal to (a) the aggregate principal amount of the Existing Notes not purchased in the Tender Offer minus (b) the amount of proceeds from the Senior Notes Offering placed into escrow to fund the Change of Control Offer will not terminate on such date, but will automatically and permanently terminate on the date of consummation of the Change of Control Offer to the extent not drawn down on such date. Maturity: The Interim Loan will mature on the date (the “Initial Maturity Date”) that is twelve months after the initial funding date (the “Funding”). Upon the satisfaction of the terms and conditions described under “Exchange Feature; Rollover Securities and Rollover Loans”, the Interim Loan will be exchanged at any time thereafter for, at the option of each Lender, either (i) unsecured senior debt securities (“Rollover Securities”), evidenced by an indenture in a form attached to the Interim Loan Agreement and maturing on the sixth anniversary of the Initial Maturity Date, or (ii) unsecured senior loans maturing on the sixth anniversary of the Initial Maturity Date (the “Rollover Loans”), evidenced by the Interim Loan Agreement.
Sample 1
Termination of Commitments. The commitments in respect of the Senior Credit Facilities (including pursuant to the Commitment Letter) will terminate in their entirety on September 30, 2006 if the initial funding under the Senior Credit Facilities does not occur on or prior to such date.
Sample 1
Termination of Commitments. The commitments in respect of the Senior Secured Credit Facilities (including pursuant to the Commitment Letter) will terminate in their entirety on May 1, 2005 if the initial funding under the Senior Secured Credit Facilities does not occur on or prior to such date, unless the initial funding has not occurred by such date due solely to a delay in obtaining the requisite approvals for consummation of the Acquisition under the Xxxx-Xxxxx-Xxxxxx Antitrust Improvements Act of 1976, as amended (the “HSR Act”), or clearance by the SEC of Target’s proxy statement with respect to the Merger as contemplated by the provisions of the Merger Agreement, in which case, such commitments will terminate in their entirety on June 30, 2005.
Sample 1

Examples of Termination of Commitments in a sentence

  • Reduction, Substitution, or Termination of Commitments shall only be permitted at the discretion of CDOT based upon a demonstration of Good Cause by the Consultant.

  • Mandatory Termination of Commitments..............................................

  • Mandatory Termination of Commitments...............................

  • Upon the occurrence of an Event of Default, and at any time thereafter unless and until such Event of Default has been waived by the Required Lenders or cured to the satisfaction of the Required Lenders (pursuant to the voting procedures in Section 10.6), the Administrative Agent shall, upon the request and direction of the Required Lenders, by written notice to the Borrower take any of the following actions: (a) Termination of Commitments.

  • Mandatory Termination of Commitments; Mandatory Prepayments 32 SECTION 2.11.

  • Conversely, activity theory is presented more as an epistemological theory focusing on the collective activity towards a common object (Mukute & Lotz-Sisitka, 2012).

  • These examination disciplinary decisions are thoroughly motivated and sent by email.

  • Fees and Commitment Reductions 115 4.1 Fees 115 4.2 Voluntary Reduction of Revolving Credit Commitments 116 4.3 Mandatory Termination of Commitments 117 Section 5.

  • USAID is supporting PaRRSA through a US$35 million project rehabilitating basic social infrastructure in the militancy crisis affected regions.

  • Termination of Commitments..........................................


More Definitions of Termination of Commitments

Termination of Commitments. The commitment in respect of the Interim Loan (including pursuant to the Commitment Letter) will automatically and ------------------------------ * Capitalized terms used herein and not defined shall have the meanings assigned to such terms in the attached Credit Facilities Commitment Letter (the "Commitment Letter"). ----------------- [INTERIM LOAN] permanently terminate on June 30, 2001 if not drawn down on or prior to such date. In addition, the commitments in respect of the Interim Loan will automatically and permanently terminate on the date of the consummation of the Acquisition to the extent not drawn down on such date.
Sample 1
Termination of Commitments. The commitments in respect of the Credit Facilities (including pursuant to the Commitment Letter) will terminate in their entirety on June 30, 2001 if the initial funding under the Credit Facilities does not occur on or prior to such date.
Sample 1

Related to Termination of Commitments

  • Revolving Commitments means, collectively, the Dollar Commitments and the Multicurrency Commitments.

  • Revolving Commitment Termination Date means the earliest to occur of (i) the Maturity Date, (ii) the date the Revolving Commitments are permanently reduced to zero pursuant to Section 2.11 or 2.12, and (iii) the date of the termination of the Revolving Commitments pursuant to Section 9.01.

  • Revolving Credit Commitment Termination Date means the earliest to occur of (i) other than with respect to Extended Revolving Credit Commitments, August 28, 2022, (ii) the date the Revolving Credit Commitments are permanently reduced to zero pursuant to Section 2.13(b) or 2.14, (iii) the date of the termination of the Revolving Credit Commitments pursuant to Section 8.2, and (iv) solely with respect to any Extended Revolving Credit Commitments, the applicable Extended Maturity Date.

  • Replacement Revolving Commitments shall have the meaning assigned to such term in Section 2.22.

  • Total Utilization of Revolving Commitments means, as at any date of determination, the sum of (i) the aggregate principal amount of all outstanding Revolving Loans (other than Revolving Loans made for the purpose of repaying any Refunded Swing Line Loans or reimbursing Issuing Bank for any amount drawn under any Letter of Credit, but not yet so applied), (ii) the aggregate principal amount of all outstanding Swing Line Loans, and (iii) the Letter of Credit Usage.

  • Revolving Loan Commitment Termination Date means the earliest of

  • Extended Revolving Commitments has the meaning specified in Section 2.16(2).

  • Term Loan Commitment Termination Date means with respect to the Tranche B Term Loans, the date which is the earlier to occur of (x) the date which is seven years after the Third Restatement Date and (y) the first date on which all undrawn Term Loan Commitments have been terminated or reduced to zero pursuant to the terms hereof.

  • Total Revolving Commitments at any time, the aggregate amount of the Revolving Commitments then in effect.

  • Total Utilization of Revolving Loan Commitments means, as at any date of determination, the sum of (i) the aggregate principal amount of all outstanding Revolving Loans plus (ii) the aggregate principal amount of all outstanding Swing Line Loans plus (iii) the Letter of Credit Usage.

  • Total Facility B Commitments means the aggregate of the Facility B Commitments, being US$830,000,000 at the date of this Agreement.

  • Tranche B Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the Third Restatement Date is $600,000,000.

  • Total Commitment means, at any time, the sum of the Commitments of each of the Lenders at such time.

  • Existing Revolving Commitments has the meaning specified in Section 2.17(b).

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.

  • Incremental Revolving Commitments has the meaning specified in Section 2.14(a).

  • Total Commitments means the aggregate of the Commitments of all the Lenders.

  • Term Commitments means a Term B Commitment or a commitment in respect of any Incremental Term Loans or any combination thereof, as the context may require.

  • New Loan Commitments shall have the meaning provided in Section 2.14(a).

  • Total Facility A Commitments means the aggregate of the Facility A Commitments, being US$250,000,000 at the date of this Agreement.

  • Term Loan Commitments means the aggregate amount of such commitments of all Lenders.

  • Aggregate Revolving Commitments means the Revolving Commitments of all the Lenders. The initial amount of the Aggregate Revolving Commitments in effect on the Closing Date is $300,000,000.

  • Extended Revolving Credit Commitments shall have the meaning provided in Section 2.14(g)(ii).

  • New Term Loan Commitments shall have the meaning provided in Section 2.14(a).

  • Other Revolving Commitments means one or more Classes of revolving credit commitments hereunder or extended Revolving Commitments that result from a Refinancing Amendment or a Loan Modification Agreement.

  • Revolving Credit Termination Date means the earlier to occur of (i) the Current Termination Date then in effect and (ii) the date of termination in whole of the Commitments pursuant to Section 2.05(a) or 6.01.